Algeria: Soybean Oil Market Overview 2020

Soybean Oil Market Size in Algeria

The revenue of the soybean oil market in Algeria amounted to $X in 2017, increasing by X% against the previous year. In general, soybean oil consumption continues to indicate a remarkable increase. The growth pace was the most rapid in 2008, when market value increased by X% against the previous year. Algeria soybean oil consumption peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Soybean Oil Production in Algeria

In 2017, production of soya-bean oil in Algeria amounted to X kg, approximately mirroring the previous year. Overall, soybean oil production continues to indicate a relatively flat trend pattern.

Soybean Oil Exports from Algeria

In 2017, approx. X tonnes of soya-bean oil were exported from Algeria; going down by -X% against the previous year. Overall, the total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. In that year, the soybean oil exports reached their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, soybean oil exports stood at $X in 2017. In general, soybean oil exports continue to indicate a relatively flat trend pattern. In that year, the soybean oil exports attained their peak level of $X. From 2011 to 2017, growth of the soybean oil exports stood at a somewhat lower level.

Soybean Oil Exports by Country from Algeria

Argentina represented the key exporting country with an export of about X tonnes, which recorded X% of total exports. Brazil (X tonnes) ranks second in terms of the global exports with a X% share, followed by the U.S. (X%), Russia (X%) and the Netherlands (X%). Spain (X tonnes), Bolivia (X tonnes), Germany (X tonnes), Canada (X tonnes) and Ukraine (X tonnes) followed a long way behind the leaders.

Exports from Argentina decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Ukraine (+X%), Canada (+X%), Russia (+X%), Spain (+X%), Bolivia (+X%), Germany (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. The Netherlands experienced a relatively flat trend pattern. By contrast, Brazil (-X%) illustrated a downward trend over the same period. Argentina (X%) and Brazil (X%) significantly strengthened its position in terms of the global exports, while Canada, the U.S. and Russia saw its share reduced by -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest soybean oil supplier from Algeria, making up X% of global exports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Argentina amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-X% per year) and the U.S. (+X% per year).

Soybean Oil Export Prices by Country in Algeria

The soybean oil export price in Algeria stood at $X per tonne in 2017, growing by X% against the previous year. In general, soybean oil export price continues to indicate an abrupt descent. The pace of growth appeared the most rapid in 2017, when the export prices increased by X% year-to-year. Over the period under review, the export prices for soya-bean oil attained its maximum level of $X per tonne in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X per tonne) and Spain ($X per tonne), while Bolivia ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Soybean Oil Imports into Algeria

In 2017, approx. X tonnes of soya-bean oil were imported into Algeria; rising by X% against the previous year. Overall, soybean oil imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. Over the period under review, the soybean oil imports attained its peak figure volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, soybean oil imports stood at $X in 2017. Overall, soybean oil imports continue to indicate a strong increase. Algeria imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Soybean Oil Imports by Country into Algeria

In 2017, India (X tonnes), distantly followed by Iran (X tonnes), Bangladesh (X tonnes), Algeria (X tonnes) and China (X tonnes) were the main importers of soya-bean oil, together achieving X% of total imports. The following importers - Venezuela (X tonnes), Morocco (X tonnes), Peru (X tonnes), South Korea (X tonnes), Colombia (X tonnes) and Mexico (X tonnes) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soybean oil markets worldwide were India ($X), Iran ($X) and Bangladesh ($X), together accounting for X% of total imports.

Iran (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Soybean Oil Import Prices by Country in Algeria

The soybean oil import price in Algeria stood at $X per tonne in 2017, surging by X% against the previous year. In general, soybean oil import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, an increase of X% year-to-year. Algeria import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Venezuela ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya-bean oil in the world?

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The countries with the highest volumes of soybean oil consumption in 2019 were China (18M tonnes), the U.S. (10M tonnes) and Brazil (8.7M tonnes), together accounting for 63% of global consumption. India, Argentina, Bangladesh and Mexico lagged somewhat behind, together comprising a further 15%.

What are the largest producers of soya-bean oil in the world?

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The countries with the highest volumes of soybean oil production in 2019 were China (18M tonnes), the U.S. (11M tonnes) and Brazil (9.7M tonnes), with a combined 66% share of global production.

What are the leading suppliers of soya-bean oil to Algeria?

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In value terms, the largest soybean oil suppliers to Algeria were Argentina ($138M), Brazil ($109M) and Russia ($101M), together accounting for 62% of total imports. These countries were followed by Spain, Italy, Paraguay and the Netherlands, which together accounted for a further 28%.

What are the leading importers of soya-bean oil from Algeria?

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In value terms, Libya ($69K) remains the key foreign market for soybean oil exports from Algeria, comprising 89% of total exports. The second position in the ranking was occupied by the United Arab Emirates ($8.1K), with a 11% share of total exports.

What is the average export price for soya-bean oil in Algeria?

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In 2019, the average soybean oil export price amounted to $732 per tonne, declining by -11.9% against the previous year.

What is the average import price for soya-bean oil in Algeria?

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In 2019, the average soybean oil import price amounted to $641 per tonne, waning by -10.9% against the previous year.